Which of the following is NOT an assumption underlying market theory?
A) Human beings are motivated by economic wants.
B) Prices are set by government.
C) People have perfect information on which to make rational economic choices.
D) There is perfect competition.
Correct Answer:
Verified
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A)Kenneth
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A)The increase in production
B)The increase in
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A)socialist
B)mercantilist
C)market capitalist
D)government regulated
Q18: Which of the following does not reflect
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